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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Parking lots & garages
1469 Springfield Ave Maplewood, NJ 07040
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1192376
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1964
Lot
0.11 ac (4,800 SF)
Zoning code
HB
APN
11 00044- 01-00246- 01
UPID
US59-1192376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
Sh R Investment LLC · 1 yrs held
Sh R Investment LLC
since 2025
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
HB · Maplewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Neighborhood Business NB; Retail Business RB and Highway Business HB Districts. (1) Permitted principal uses. (a) Retail businesses, not including thrift shops, pawnshops and check-cashing establishments. (b) Convenience store with a fueling station in the HB District. (c) Financial institutions. (d) Restaurants, but not including fast-food restaurants. (e)…
Zone name
Highway Business
General category
COMMERCIAL
Zone area
15.15 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,655,000
ML approach
$2,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $1.60M (May 14 2025)
Last sale anchor
$1.60M
May 14 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,049
Tax year 2022
Assessed value
$110,500
Assessed 2023
Previous assessed
$110,500
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$100,400
Assessed improvement
$10,100
Land market value
$100,400
Improvement market value
$10,100
Total market value
$110,500
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1964
Heating
NONE
Units
1
Lot
0.11 ac (4,800 SF)
Zoning code
HB
APN
11 00044- 01-00246- 01
UPID
US59-1192376
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
HB · Maplewood, NJZoning HB · permitted uses
HB · Maplewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Neighborhood Business NB; Retail Business RB and Highway Business HB Districts. (1) Permitted principal uses. (a) Retail businesses, not including thrift shops, pawnshops and check-cashing establishments. (b) Convenience store with a fueling station in the HB District. (c) Financial institutions. (d) Restaurants, but not including fast-food restaurants. (e) Dwelling units over stores. (f) Offices, but not on the street level or lower in the RB District. (g) Multiple dwellings in the NB District. (h) Law enforcement facilities in the HB District. (i) Alternative treatment centers in the HB District. (2) Accessory uses. Garages, off-street parking lots (except in the RB District), sheds, fences not over six feet in height in side or rear yards only, radio antennas, receiving dish antennas, solar collectors and other uses customarily associated with the permitted uses, provided that such accessory uses are subordinate to the principal use and serve only the principal use. (3) Conditional uses. (See § 271-10B) . (a)
Zone name
Highway Business
General category
COMMERCIAL
Zone area
15.15 ac
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Sh R Investment LLC
Entity
Mailing address
188 EAGLE ROCK AVE, ROSELAND, NJ 07068-1335
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
$1,600,000
Sh R Investment LLC
Lmd Enderle Development LLC
Deed
—
Jan 17, 2023
—
L M D Enderle Development LLC
—
Deed
related
$150,000 · Lender Dunnell Group LLC
Jun 24, 2016
—
Lmd Enderle Dev LLC
—
Deed
related
$710,203 · Gerardo Buono
—
—
Lmd Enderle Dev LLC
—
Deed Of Trust
related
—
—
—
Lmd Enderle Dev LLC
—
Deed Of Trust
related
$710,203 · Gerardo Buono
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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